Hybrid appraisal report

[George Hatch]

I was on the other side of those debates and I agreed with the concept of C&R as was proposed. Where I think that went sideways was later on in the Feds interpretation. I thought the govt would go one way but instead they went the other way. I guessed wrong.

 

[J Grant]

I was on the other side of those debates and I agreed with the concept of C&R as was proposed. Where I think that went sideways was later on in the Feds interpretation. I thought the govt would go one way but instead they went the other way. I guessed wrong.

I wonder how much influence was present regarding this change and whether stock options, promises of future jobs, or favors were dangled to achieve the AMC-friendly second provision of C and R. We will never know, of course, since nobody would admit to offering or accepting it.

 

[ucbruin]

No, I’m sorry, that’s just not correct. I was here, and can tell you who they were, some if them have now passed, others sent literal death threats over my fax machine. The scion I received for being not only honest, but realistic, was unreal.

I utterly ridiculed that stupid idea of “C&R,” and was endlessly mocked for that, too.

Just messing with you....

I remember watching this video and thinking, modern special effects technology couldn't get any better....

 

[Carnivore]

North Carolina has a Home Inspector License They are under our NC State Department of Insurance. They did send out a notice one time warning NC Appraisers to be careful in the use of our Language in Appraisal Reports related to condition. PDR Dudes have to be very careful in the language used in a PDR

NCHILB Standards of Practice, October 1, 2022 edition | OSFM

www.ncosfm.gov

143-151.50. License required to perform home inspections for compensation or to claim to be a "licensed home inspector".(a) Requirement. – To perform a home inspection for compensation or to claim to be a licensed home inspector, an individual must be licensed by the Board. An individual who is not licensed by the Board may perform a home inspection without compensation.

 

[Sadie]

Man, seems like you need to take a class on hybrids.

Mckissick has an online option that you can complete in 3 hours. You can probably get that done before the PDC gets you the information from the subject.... you need the PDC photos / info anyways.... how are you going to choose the comps without the info?

I do believe the inspector picks the comps and the appraiser justs makes the adjustments and comes up with a value and takes responsibility for the whole thing, even the stuff they didn't do.

 

[George Hatch]

I wonder how much influence was present regarding this change and whether stock options, promises of future jobs, or favors were dangled to achieve the AMC-friendly second provision of C and R. We will never know, of course, since nobody would admit to offering or accepting it.

Who we are referring to in this one is the conduct of the federal govt prior to issuing their final rule.

 

[George Hatch]

I do believe the inspector picks the comps and the appraiser justs makes the adjustments and comes up with a value and takes responsibility for the whole thing, even the stuff they didn't do.

All of that is hard to believe, particularly when the OP is referring to the GSE forms which state the appraiser's SOW. Perhaps we're talking about something else.

Why would anyone think the untrained PDCs would even have access to the data - let alone the competency - that it would take to pull comps for an appraisal?

 

[Sadie]

I think if the PDCs were trained, licensed, had to take responsibility for the quality of their work, and had to sign off on their portion of the hybrid report, I might consider doing one. As it is, I am not taking responsibility for something I had no part of. But of course, that would make the cost go up because training and licensing are not free. And of course they will need E and O insurance.

 

[Surf Cat]

I do believe the inspector picks the comps and the appraiser justs makes the adjustments and comes up with a value and takes responsibility for the whole thing, even the stuff they didn't do.

Nooooooo.... the PDC just photos and measures (incorrectly I might add) the subject property. Then they rush off to next one. They don't even provide a neighborhood description.

How can a PDC pick the comps? They're not trained to do that. Besides....they have the Uber Eats Chipotle Grill chicken getting cold to drop off on the way to the next inspection.

The chained to the desk appraiser picks the comps....hopefully based on the condition of what the PDC'S photos depict.

 

[Sadie]

Nooooooo.... the PDC just photos and measures (incorrectly I might add) the subject property. Then they rush off to next one. They don't even provide a neighborhood description.

How can a PDC pick the comps? They're not trained to do that. Besides....they have the Uber Eats Chipotle Grill chicken getting cold to drop off on the way to the next inspection.

The chained to the desk appraiser picks the comps....hopefully based on the condition of what the PDC'S photos depict.

Maybe I've got my bybrid/bifurcated appraisal products mixed up. But either way, you are signing off on someone else's work. They take no responsibility for it. You can make a complaint about the PDC, but nothing is done about it and you are still stuck with their maybe good maybe bad data.